Buy Buy Buy or Sell Sell Sell?

[Promocodeudo]

Of course, it will be helpful to have a strong source of income before getting into bitcoin, yet it is not necessary to have a strong source of income before getting started in bitcoin.   At the same time, it is quite logical that if any of us plan to hold (and continue to invest) into bitcoin for 4-10 years or longer, then there has to be some ways that we continue to generate income that is at least enough to support our expenses so that we do not have to tap into our bitcoin investment at anytime that is prior to our own choosing.. .. yet we also know that many folks do not have steady incomes and even have to struggle to keep whatever income that they have flowing, and they will come into much better financial and psychological circumstances if they are able to improve the strength of their income.. but it is also is not necessary to establish a strong source of income prior to getting involved in bitcoin, even though surely our bitcoin investing will likely become stronger if we are able to improve our income amount and our income reliability.

@JayJuanGee am very happy that you were able to make a detailed clarification to this, so that some people wouldn't be seeing it as a must that they must have a very much active source of income before they can actually invest in Bitcoin, I think some people fail to understand that one can actually start investing in Bitcoin at first with few bucks coming in as there source of income as far as the income can Carter for their personal needs and the said investment but for maintaining the said investment for a long-term, an investor have to go for more source of income to increaese their DCA level and also have enough for personal need respectively in other not to be discouraged half way.
As much as I understand that one can invest with as low as $1 I think there's nothing to worry about, what matters is to start first and then make sure you hustle for more source of income to enable your consistency in the investment to work very effectively and to hodl without pressure and stress to sell prematurely.

[Sim_card]

For investment or to increase the amount of investment, I will focus more on increasing the source of income. If you have to invest in yourself to increase your income, then it will be a good thing to do. Investing in yourself to upgrade yourself may be the right step rather than investing in Bitcoin with scarcity. This will increase your chances of increasing your income and provide additional funds for Bitcoin investments.

It is true that to increase the amount of investment, attention should be paid to increasing the source of income, but it may not be easy for everyone to increase the source of income. I think those who have enough opportunities to invest, that is, those who have enough money to invest. Maybe increasing income sources isn't very important to those new investors at first. The most important thing for new investor may be to build a backup fund. If the source of income does not increase, then the amount of money you have, i.e. we should invest regularly through the sources of income we have.

There is enough flexibility in Bitcoin investment that anyone venturing in to it should know which is investing according to how it will suits you in terms of comfort as regards to your financial allocation towards your investment which of course will be different from that of others that's is not in the same financial status with you, yeah you are absolutely correct, getting started is what every beginners should be more concerned about with as little or more that is within their discretionary income and can increase their investment allocation if it happens they have more money along the road, above all what we should always prioritize while approaching our investment is investing within our comfort and that's is the only way we can be able to hold for long.

I don't think a beginner should invest more than their level of discretionary income just a point of correction from what you said here, the only time an investor can go above their discretionary income is in a situation whereby their income must have increased while making subsequent accumulation so that they won't find it difficult after they have gone above their discretionary income. No one is under tension to invest aggressively hence it is needless to go above your investment capacity. Acquiring with the amount that is left after your necessary expenditures is enough for you to start up with as a beginner and not go above it for any reason.

Tmoonz is still of the opinion that newbies in bitcoin investment should invest in bitcoin within their discretionary income, but they can increase their investment allocation if they improve their income to a better one along their bitcoin accumulation journey. For instance, let's assume a newbie in bitcoin investment is earning $100 monthly; he can decide to be investing $10 every month into bitcoin with the DCA strategy and use the remaining $90 to solve his monthly expenses and be building up his emergency fund, reserve fund, and floats gradually. If the newbie gets a new job along his bitcoin accumulation journey where he is being paid $200 monthly, he can now decide to increase his DCA allocation money to $20 monthly since he now has more cash flow that can take care of his monthly expenses and build up his emergency fund, reserve fund, and floats while he is using $20 to accumulate bitcoin monthly.

In summary all you are trying to say is that newbies should invest according to the level of income that comes their way hope I got you correctly? I think the same thing is applicable to both old and new investors, do not invest beyond your financial capacity you will end up being emotionally unstable, good to see that you gave a very nice example but I think for someone who is earning $100 as a monthly salary you can decide to go with $20 as your investment budget that's if you won't be affected by other things that requires your finance to be taking care of and if you are promoted and your salaries increases you can decide to increase your monthly investment amount or continue with what you started with. One thing with the DCA method is that it helps the investor to spend wisely and it gives you the opportunity to purchase Bitcoin any given time so even then you are yet to receive your salaries if you have a little deal that brings you money you can decide to purchase Bitcoin instead of spending the money on material things.

I quite agree with you on that because when one is taking much risk by not having a backup funds or emergency funds the person is being aggressive be it a new investor or old and which they may end up dipping hand into their investments before the anticipated time. Although in some scenarios an investor can decide to cut down his standards of living in order to increase his amount of bitcoin accumulation. So being over aggressive can affect both new investors and old investors.

Being over aggressive means that you are using more than you discretionary income to invest in bitcoin and it will definitely affect your bitcoin investment, because you are gambling with your bitcoin investment. No matter how experienced you are in bitcoin investment, the moment you take the wrong step or invest without proper planning, you will end up selling your bitcoin to take care of your needs because you used above your discretionary income.

This is why when investing, you make sure that you don't invest over aggressively in other to keep your bitcoin investment ongoing for a very long period of time.

[justinlamode]

Tmoonz is still of the opinion that newbies in bitcoin investment should invest in bitcoin within their discretionary income, but they can increase their investment allocation if they improve their income to a better one along their bitcoin accumulation journey. For instance, let's assume a newbie in bitcoin investment is earning $100 monthly; he can decide to be investing $10 every month into bitcoin with the DCA strategy and use the remaining $90 to solve his monthly expenses and be building up his emergency fund, reserve fund, and floats gradually. If the newbie gets a new job along his bitcoin accumulation journey where he is being paid $200 monthly, he can now decide to increase his DCA allocation money to $20 monthly since he now has more cash flow that can take care of his monthly expenses and build up his emergency fund, reserve fund, and floats while he is using $20 to accumulate bitcoin monthly.

In summary all you are trying to say is that newbies should invest according to the level of income that comes their way hope I got you correctly? I think the same thing is applicable to both old and new investors, do not invest beyond your financial capacity you will end up being emotionally unstable, good to see that you gave a very nice example but I think for someone who is earning $100 as a monthly salary you can decide to go with $20 as your investment budget that's if you won't be affected by other things that requires your finance to be taking care of and if you are promoted and your salaries increases you can decide to increase your monthly investment amount or continue with what you started with. One thing with the DCA method is that it helps the investor to spend wisely and it gives you the opportunity to purchase Bitcoin any given time so even then you are yet to receive your salaries if you have a little deal that brings you money you can decide to purchase Bitcoin instead of spending the money on material things.

I quite agree with you on that because when one is taking much risk by not having a backup funds or emergency funds the person is being aggressive be it a new investor or old and which they may end up dipping hand into their investments before the anticipated time. Although in some scenarios an investor can decide to cut down his standards of living in order to increase his amount of bitcoin accumulation. So being over aggressive can affect both new investors and old investors.

Being aggressive does not mean that you should not set aside emergency funds or even keep funds for your basic needs. Being aggressive has to do more with how passionate you are about Bitcoin in terms of how much of your resources you will be willing to put into Bitcoin. Let me give an instance, an individual may be having a cash inflow $6,000 monthly and out of this money, the funds for his basic needs may be $2,000 where as he can comfortably invest $2,000 into Bitcoin and set aside an emergency fund of $1,000 and use the remaining $1,000 for other things such as leisure and recreation. An aggressive investor might decide to sacrifice leisure and put the remaining $1,000 into Bitcoin to make his investment in Bitcoin 50% of his monthly inflow. When the allocation changes such that he can allocate more funds into Bitcoin and still keep his life going safely, he will not think it twice to do that. That is what it means to be aggressive in Bitcoin accumulation and this does not mean ignoring basic needs or emergency funds because these two are things that can make an investor sell his Bitcoin without thinking twice so good investors that want to HODL will eliminate every threat to the investment.

[Lembo69]

An investor should always focus on increasing his source of income. But it is not possible to increase the source of income in every field, so the investor should invest as much as he can. Try to do something new and do something alternative to increase the source of income. An investor should be careful at every step, so that their situation does not get so bad that it will affect their daily life for investment.

Investing is completely up to you. However, if you have firmly decided to earn money through investment, then it will be best for you to adopt the DCA method. The more you hold patiently, the better the investment will be. Your investment depends on income and expenditure.

[DubemIfedigbo001]

For investment or to increase the amount of investment, I will focus more on increasing the source of income. If you have to invest in yourself to increase your income, then it will be a good thing to do. Investing in yourself to upgrade yourself may be the right step rather than investing in Bitcoin with scarcity. This will increase your chances of increasing your income and provide additional funds for Bitcoin investments.

It is true that to increase the amount of investment, attention should be paid to increasing the source of income, but it may not be easy for everyone to increase the source of income. I think those who have enough opportunities to invest, that is, those who have enough money to invest. Maybe increasing income sources isn't very important to those new investors at first. The most important thing for new investor may be to build a backup fund. If the source of income does not increase, then the amount of money you have, i.e. we should invest regularly through the sources of income we have.

There is enough flexibility in Bitcoin investment that anyone venturing in to it should know which is investing according to how it will suits you in terms of comfort as regards to your financial allocation towards your investment which of course will be different from that of others that's is not in the same financial status with you, yeah you are absolutely correct, getting started is what every beginners should be more concerned about with as little or more that is within their discretionary income and can increase their investment allocation if it happens they have more money along the road, above all what we should always prioritize while approaching our investment is investing within our comfort and that's is the only way we can be able to hold for long.

I don't think a beginner should invest more than their level of discretionary income just a point of correction from what you said here, the only time an investor can go above their discretionary income is in a situation whereby their income must have increased while making subsequent accumulation so that they won't find it difficult after they have gone above their discretionary income. No one is under tension to invest aggressively hence it is needless to go above your investment capacity. Acquiring with the amount that is left after your necessary expenditures is enough for you to start up with as a beginner and not go above it for any reason.

Tmoonz is still of the opinion that newbies in bitcoin investment should invest in bitcoin within their discretionary income, but they can increase their investment allocation if they improve their income to a better one along their bitcoin accumulation journey. For instance, let's assume a newbie in bitcoin investment is earning $100 monthly; he can decide to be investing $10 every month into bitcoin with the DCA strategy and use the remaining $90 to solve his monthly expenses and be building up his emergency fund, reserve fund, and floats gradually. If the newbie gets a new job along his bitcoin accumulation journey where he is being paid $200 monthly, he can now decide to increase his DCA allocation money to $20 monthly since he now has more cash flow that can take care of his monthly expenses and build up his emergency fund, reserve fund, and floats while he is using $20 to accumulate bitcoin monthly.

In summary all you are trying to say is that newbies should invest according to the level of income that comes their way hope I got you correctly? I think the same thing is applicable to both old and new investors, do not invest beyond your financial capacity you will end up being emotionally unstable, good to see that you gave a very nice example but I think for someone who is earning $100 as a monthly salary you can decide to go with $20 as your investment budget that's if you won't be affected by other things that requires your finance to be taking care of and if you are promoted and your salaries increases you can decide to increase your monthly investment amount or continue with what you started with. One thing with the DCA method is that it helps the investor to spend wisely and it gives you the opportunity to purchase Bitcoin any given time so even then you are yet to receive your salaries if you have a little deal that brings you money you can decide to purchase Bitcoin instead of spending the money on material things.

I quite agree with you on that because when one is taking much risk by not having a backup funds or emergency funds the person is being aggressive be it a new investor or old and which they may end up dipping hand into their investments before the anticipated time. Although in some scenarios an investor can decide to cut down his standards of living in order to increase his amount of bitcoin accumulation. So being over aggressive can affect both new investors and old investors.

Being aggressive is using a larger portion of your discretionary income to accumulate Bitcoin periodically, it doesn't in any way still you from building your emergency fund or various variances of backup funds. Don't get your priorities wrong, when you're using up funds meant for your backup funds in buying Bitcoin without having setup enough emergency funds that can cover at least 3 - 6 months of your expenses, then you're rather doing very badly in your cashflow management ability and being overly aggressive in your accumulation which is wrong.

Building your emergency fund is as important as building your Bitcoin portfolio because the emergency fund and other backup funds acts as a surety to the longevity of your Bitcoin investment. Ignoring this recommended practice when accumulating Bitcoin would see you preying on your holdings for survival or in the presence of emergencies.

[Frankolala]

For investment or to increase the amount of investment, I will focus more on increasing the source of income. If you have to invest in yourself to increase your income, then it will be a good thing to do. Investing in yourself to upgrade yourself may be the right step rather than investing in Bitcoin with scarcity. This will increase your chances of increasing your income and provide additional funds for Bitcoin investments.

It is true that to increase the amount of investment, attention should be paid to increasing the source of income, but it may not be easy for everyone to increase the source of income. I think those who have enough opportunities to invest, that is, those who have enough money to invest. Maybe increasing income sources isn't very important to those new investors at first. The most important thing for new investor may be to build a backup fund. If the source of income does not increase, then the amount of money you have, i.e. we should invest regularly through the sources of income we have.

There is enough flexibility in Bitcoin investment that anyone venturing in to it should know which is investing according to how it will suits you in terms of comfort as regards to your financial allocation towards your investment which of course will be different from that of others that's is not in the same financial status with you, yeah you are absolutely correct, getting started is what every beginners should be more concerned about with as little or more that is within their discretionary income and can increase their investment allocation if it happens they have more money along the road, above all what we should always prioritize while approaching our investment is investing within our comfort and that's is the only way we can be able to hold for long.

I don't think a beginner should invest more than their level of discretionary income just a point of correction from what you said here, the only time an investor can go above their discretionary income is in a situation whereby their income must have increased while making subsequent accumulation so that they won't find it difficult after they have gone above their discretionary income. No one is under tension to invest aggressively hence it is needless to go above your investment capacity. Acquiring with the amount that is left after your necessary expenditures is enough for you to start up with as a beginner and not go above it for any reason.

Tmoonz is still of the opinion that newbies in bitcoin investment should invest in bitcoin within their discretionary income, but they can increase their investment allocation if they improve their income to a better one along their bitcoin accumulation journey. For instance, let's assume a newbie in bitcoin investment is earning $100 monthly; he can decide to be investing $10 every month into bitcoin with the DCA strategy and use the remaining $90 to solve his monthly expenses and be building up his emergency fund, reserve fund, and floats gradually. If the newbie gets a new job along his bitcoin accumulation journey where he is being paid $200 monthly, he can now decide to increase his DCA allocation money to $20 monthly since he now has more cash flow that can take care of his monthly expenses and build up his emergency fund, reserve fund, and floats while he is using $20 to accumulate bitcoin monthly.

In summary all you are trying to say is that newbies should invest according to the level of income that comes their way hope I got you correctly? I think the same thing is applicable to both old and new investors, do not invest beyond your financial capacity you will end up being emotionally unstable, good to see that you gave a very nice example but I think for someone who is earning $100 as a monthly salary you can decide to go with $20 as your investment budget that's if you won't be affected by other things that requires your finance to be taking care of and if you are promoted and your salaries increases you can decide to increase your monthly investment amount or continue with what you started with. One thing with the DCA method is that it helps the investor to spend wisely and it gives you the opportunity to purchase Bitcoin any given time so even then you are yet to receive your salaries if you have a little deal that brings you money you can decide to purchase Bitcoin instead of spending the money on material things.

I quite agree with you on that because when one is taking much risk by not having a backup funds or emergency funds the person is being aggressive be it a new investor or old and which they may end up dipping hand into their investments before the anticipated time. Although in some scenarios an investor can decide to cut down his standards of living in order to increase his amount of bitcoin accumulation. So being over aggressive can affect both new investors and old investors.

Being aggressive is using a larger portion of your discretionary income to accumulate Bitcoin periodically, it doesn't in any way still you from building your emergency fund or various variances of backup funds. Don't get your priorities wrong, when you're using up funds meant for your backup funds in buying Bitcoin without having setup enough emergency funds that can cover at least 3 - 6 months of your expenses, then you're rather doing very badly in your cashflow management ability and being overly aggressive in your accumulation which is wrong.

Building your emergency fund is as important as building your Bitcoin portfolio because the emergency fund and other backup funds acts as a surety to the longevity of your Bitcoin investment. Ignoring this recommended practice when accumulating Bitcoin would see you preying on your holdings for survival or in the presence of emergencies.

Investing over aggressively is not always when you don't have an emergency funds available to back up your bitcoin investment. An investor can have his back up funds available and still invest over aggressively, which must affect his bitcoin investment despite that he has his emergency funds available because that is to be used when a real emergency occurs.

 If you use money that's is not your discretionary income to invest i.e money for your monthly expenses, when your needs arises, you will have no option than to sell part of your bitcoin to take care of such need because it's very important for you to move on with your life.

For example, if you weekly income is $200 and you monthly expenses is $130. You are left with $70 as your discretionary income, you are suppose to use $50 to invest weekly but if you invest with $100, you have used above your discretionary income, which makes it over aggressive no matter the availability of your emergency funds. You will definitely sell your bitcoin when the $30 need arises and you might run at loss if bitcoin price is below your entry point which might discourage you from taking your bitcoin investment accumulation journey serious.

[EarnOnVictor]

It would be very wrong if there are people who still have the mindset of buying Bitcoin to sell it again in the near future just because there is a slight increase in the price of Bitcoin.

It saddens me that many of you are bigots, who always want people to do things your way. Do you know the person's purpose for buying it, his pocket, budget and plan? C'mon!!! You guys should stop your overknowing attitude and allow people who can sensibly think to have that right thought.

I have my short-term, medium-term and long-term Bitcoin investment plans, and so far, all are successful and I've made more money in my short and medium-term if you must know. Some people might have been buying Bitcoin since early 2023 to liquidate this year for the purpose of owning a house, it could be for other good reasons. Is it a must for them to keep it forever? You are not them, let them live their lives. Who knows if they will rebuy at the end of the next bearish season again? Which sounds like a good plan to me.

[Mayor of ogba]

For investment or to increase the amount of investment, I will focus more on increasing the source of income. If you have to invest in yourself to increase your income, then it will be a good thing to do. Investing in yourself to upgrade yourself may be the right step rather than investing in Bitcoin with scarcity. This will increase your chances of increasing your income and provide additional funds for Bitcoin investments.

It is true that to increase the amount of investment, attention should be paid to increasing the source of income, but it may not be easy for everyone to increase the source of income. I think those who have enough opportunities to invest, that is, those who have enough money to invest. Maybe increasing income sources isn't very important to those new investors at first. The most important thing for new investor may be to build a backup fund. If the source of income does not increase, then the amount of money you have, i.e. we should invest regularly through the sources of income we have.

There is enough flexibility in Bitcoin investment that anyone venturing in to it should know which is investing according to how it will suits you in terms of comfort as regards to your financial allocation towards your investment which of course will be different from that of others that's is not in the same financial status with you, yeah you are absolutely correct, getting started is what every beginners should be more concerned about with as little or more that is within their discretionary income and can increase their investment allocation if it happens they have more money along the road, above all what we should always prioritize while approaching our investment is investing within our comfort and that's is the only way we can be able to hold for long.

I don't think a beginner should invest more than their level of discretionary income just a point of correction from what you said here, the only time an investor can go above their discretionary income is in a situation whereby their income must have increased while making subsequent accumulation so that they won't find it difficult after they have gone above their discretionary income. No one is under tension to invest aggressively hence it is needless to go above your investment capacity. Acquiring with the amount that is left after your necessary expenditures is enough for you to start up with as a beginner and not go above it for any reason.

Tmoonz is still of the opinion that newbies in bitcoin investment should invest in bitcoin within their discretionary income, but they can increase their investment allocation if they improve their income to a better one along their bitcoin accumulation journey. For instance, let's assume a newbie in bitcoin investment is earning $100 monthly; he can decide to be investing $10 every month into bitcoin with the DCA strategy and use the remaining $90 to solve his monthly expenses and be building up his emergency fund, reserve fund, and floats gradually. If the newbie gets a new job along his bitcoin accumulation journey where he is being paid $200 monthly, he can now decide to increase his DCA allocation money to $20 monthly since he now has more cash flow that can take care of his monthly expenses and build up his emergency fund, reserve fund, and floats while he is using $20 to accumulate bitcoin monthly.

In summary all you are trying to say is that newbies should invest according to the level of income that comes their way hope I got you correctly?  I think the same thing is applicable to both old and new investors, do not invest beyond your financial capacity you will end up being emotionally unstable, good to see that you gave a very nice example but I think for someone who is earning $100 as a monthly salary you can decide to go with $20 as your investment budget that's if you won't be affected by other things that requires your finance to be taking care of and if you are promoted and your salaries increases you can decide to increase your monthly investment amount or continue with what you started with. One thing with the DCA method is that it helps the investor to spend wisely and it gives you the opportunity to purchase Bitcoin any given time so even then you are yet to receive your salaries if you have a little deal that brings you money you can decide to purchase Bitcoin instead of spending the money on material things.

I know that both old and new investors should not invest beyond their discretionary income when they are investing in bitcoin, but since the debate was centered mainly on newbies, that is the reason I also focused my contribution mainly on newbies so that Btcdeybodi will have a clear picture of what Tmoonz was actually saying. The example in my post is just to show clarity of what I was talking about, and it doesn't mean that anyone who is earning $100 monthly must invest $10 in bitcoin. Yeah, if someone is earning $100 monthly and figures out that he can invest $20 into bitcoin and still comfortably take care of his daily expenses and build up his emergency fund, reserve fund, and float gradually, the person should go on with his decision since it wouldn't stop him from sorting out his daily expenses.

[sotelorene]

An investor should always focus on increasing his source of income. But it is not possible to increase the source of income in every field, so the investor should invest as much as he can. Try to do something new and do something alternative to increase the source of income. An investor should be careful at every step, so that their situation does not get so bad that it will affect their daily life for investment.

Investing is completely up to you. However, if you have firmly decided to earn money through investment, then it will be best for you to adopt the DCA method. The more you hold patiently, the better the investment will be. Your investment depends on income and expenditure.

After having the thought on how to start up an investment and the ways to go about the investment so that they can make profit the next thing is how to accumulate more Bitcoin in their portfolio, the profit one will make in years to come depends on the rate of accumulation and interval they are able to hold their investment. However, it is always good to have a good source of income and reserve fund so that our investment won't be disturbed and remember the amount of Bitcoin an investor is accumulating all the time is the function of their source of income, if your source of income is not good or stable that is how your investment is also going to look like but above all make sure you accumulating and holding no matter how little it is profit is sure if you maintain your investment.

[JayJuanGee]

Of course, it will be helpful to have a strong source of income before getting into bitcoin, yet it is not necessary to have a strong source of income before getting started in bitcoin.   At the same time, it is quite logical that if any of us plan to hold (and continue to invest) into bitcoin for 4-10 years or longer, then there has to be some ways that we continue to generate income that is at least enough to support our expenses so that we do not have to tap into our bitcoin investment at anytime that is prior to our own choosing.. .. yet we also know that many folks do not have steady incomes and even have to struggle to keep whatever income that they have flowing, and they will come into much better financial and psychological circumstances if they are able to improve the strength of their income.. but it is also is not necessary to establish a strong source of income prior to getting involved in bitcoin, even though surely our bitcoin investing will likely become stronger if we are able to improve our income amount and our income reliability.

@JayJuanGee am very happy that you were able to make a detailed clarification to this, so that some people wouldn't be seeing it as a must that they must have a very much active source of income before they can actually invest in Bitcoin, I think some people fail to understand that one can actually start investing in Bitcoin at first with few bucks coming in as there source of income as far as the income can Carter for their personal needs and the said investment but for maintaining the said investment for a long-term, an investor have to go for more source of income to increaese their DCA level and also have enough for personal need respectively in other not to be discouraged half way.
As much as I understand that one can invest with as low as $1 I think there's nothing to worry about, what matters is to start first and then make sure you hustle for more source of income to enable your consistency in the investment to work very effectively and to hodl without pressure and stress to sell prematurely.

Yep.. it is not necessary for a person to have a strong income source when they first start into bitcoin, yet  they should still be buying bitcoin with their discretionary income, and hopefully planning to invest for the long han term rather than trading bitcoin.

So in order for their investment into bitcoin to remain an investment rather than a trade, they will likely need to have an income that is at least high enough to cover their expenses, and if they want to make sure that they do not end up having to tap into their bitcoin investment at a time that is not of their choosing, then they need to have various back up funds and likely even an emergency fund and they can build up their back up funds as they are building their bitcoin investment, yet if their income is not solid and their income / expenses are erratic, then they likely have to build up more back up funds, and surely they are running the risk of putting themselves in a bad place of having to cash out of their bitcoin if they are not able to figure out some way to stablize their income and/or their expenses.. so surely if either of those is erratic, they likely have to make  sure that  they are working towards resolving their matters, otherwise their bitcoin investment will run the risk of converting into a trade rather than an investment, and surely investing in bitcoin should be 4-10 years or longer..   

The only reason to have the investment less than 10 years would be based on age and/or health considerations, and so hopefully guys are figuring out  ways to shore up their bitcoin investment so that they can keep building it up. and surely guys in situations of erratic incomes and/or expenses are in a worse situation as compared to guys who are able to solidify their income and/or expenses and to be able to build their bitcoin investment and their back up funds in ways that helps to make their bitcoin investment amount meaningful and to allow it to grow (compound) with time (even if it is not guaranteed to be profitable, many  of us know that bitcoin is amongst the best, if not the best of investments available for guys who are able to continue to generate discretionary income).

Tmoonz is still of the opinion that newbies in bitcoin investment should invest in bitcoin within their discretionary income, but they can increase their investment allocation if they improve their income to a better one along their bitcoin accumulation journey. For instance, let's assume a newbie in bitcoin investment is earning $100 monthly; he can decide to be investing $10 every month into bitcoin with the DCA strategy and use the remaining $90 to solve his monthly expenses and be building up his emergency fund, reserve fund, and floats gradually. If the newbie gets a new job along his bitcoin accumulation journey where he is being paid $200 monthly, he can now decide to increase his DCA allocation money to $20 monthly since he now has more cash flow that can take care of his monthly expenses and build up his emergency fund, reserve fund, and floats while he is using $20 to accumulate bitcoin monthly.

In summary all you are trying to say is that newbies should invest according to the level of income that comes their way hope I got you correctly? I think the same thing is applicable to both old and new investors, do not invest beyond your financial capacity you will end up being emotionally unstable, good to see that you gave a very nice example but I think for someone who is earning $100 as a monthly salary you can decide to go with $20 as your investment budget that's if you won't be affected by other things that requires your finance to be taking care of and if you are promoted and your salaries increases you can decide to increase your monthly investment amount or continue with what you started with. One thing with the DCA method is that it helps the investor to spend wisely and it gives you the opportunity to purchase Bitcoin any given time so even then you are yet to receive your salaries if you have a little deal that brings you money you can decide to purchase Bitcoin instead of spending the money on material things.

I quite agree with you on that because when one is taking much risk by not having a backup funds or emergency funds the person is being aggressive be it a new investor or old and which they may end up dipping hand into their investments before the anticipated time. Although in some scenarios an investor can decide to cut down his standards of living in order to increase his amount of bitcoin accumulation. So being over aggressive can affect both new investors and old investors.

Being aggressive does not mean that you should not set aside emergency funds or even keep funds for your basic needs. Being aggressive has to do more with how passionate you are about Bitcoin in terms of how much of your resources you will be willing to put into Bitcoin. Let me give an instance, an individual may be having a cash inflow $6,000 monthly and out of this money, the funds for his basic needs may be $2,000 where as he can comfortably invest $2,000 into Bitcoin and set aside an emergency fund of $1,000 and use the remaining $1,000 for other things such as leisure and recreation. An aggressive investor might decide to sacrifice leisure and put the remaining $1,000 into Bitcoin to make his investment in Bitcoin 50% of his monthly inflow. When the allocation changes such that he can allocate more funds into Bitcoin and still keep his life going safely, he will not think it twice to do that. That is what it means to be aggressive in Bitcoin accumulation and this does not mean ignoring basic needs or emergency funds because these two are things that can make an investor sell his Bitcoin without thinking twice so good investors that want to HODL will eliminate every threat to the investment.

Your numbers are not completely impossible, yet they are a bit unrealistic justinlamode,  You are describing a guy with $2k expenses and $6k income, so he has discretionary income that is $4k 2/3 his income.

There are guys who do get increases in their income, yet they choose to keep their expenses the same as they had previously, so then they end up having quite a bit of discretionary income, so there can be cases like the one you describe above for guys  who might become dedicated towards building their investment.

Another thing regarding the building and maintenance of an emergency fund.  If you consider the expenses of the guy above that you describe, he ONLY needs to have $6k for his emergency fund (which is 3 months), so he does not have to put away $1k every month for an emergency fund, once he gets his emergency fund up to $6k.  He could also have other kinds of back up funds, and he would hopefully never have to tap into his emergency fund, especially if he has various other kinds of back up funds, even though surely a guy with a $6k income and ONLY $2k of expenses has quite a bit of room to work with in regards to having around 2/3 in his discretionary income.

[edited out]

Being aggressive is using a larger portion of your discretionary income to accumulate Bitcoin periodically, it doesn't in any way still you from building your emergency fund or various variances of backup funds. Don't get your priorities wrong, when you're using up funds meant for your backup funds in buying Bitcoin without having setup enough emergency funds that can cover at least 3 - 6 months of your expenses, then you're rather doing very badly in your cashflow management ability and being overly aggressive in your accumulation which is wrong.

Building your emergency fund is as important as building your Bitcoin portfolio because the emergency fund and other backup funds acts as a surety to the longevity of your Bitcoin investment. Ignoring this recommended practice when accumulating Bitcoin would see you preying on your holdings for survival or in the presence of emergencies.

A person can end up creating his own emergencies by failing/refusing to maintain adequate back up funds.  So surely, I frequently suggest  that three months of back up funds would be for emergencies  and never touched, yet a person can have various other back up funds that are more flexible, so there would be priorities within the various back up funds, and surely if anyone gets down to the point of using back up funds to buy bitcoin, and there are no back up funds left, then at that point maybe there would ONLY be emergency funds and that might be bordering on the point of being overly aggressive to use up all back up funds and not to have any money remaining, except for emergency funds.  Of course, each of us can choose the level of our aggressiveness in buying bitcoin, which I frequently suggest to be as aggressive as you are able to without over doing it, and surely when we have various forms of back up funds, then we can likely have more confidence that we are not over doing it.;..but if our income and/or our expenses are quite variable, then we likely need more back up funds in order to provide us with financial and/or psychological comfort in regards to either not running out of funds or even having to tap into our emergency funds for reasons that were not true emergencies but instead emergency situations that we had caused due to our own bad management of our cashflows and/or back up funds.

It would be very wrong if there are people who still have the mindset of buying Bitcoin to sell it again in the near future just because there is a slight increase in the price of Bitcoin.

It saddens me that many of you are bigots, who always want people to do things your way. Do you know the person's purpose for buying it, his pocket, budget and plan? C'mon!!! You guys should stop your overknowing attitude and allow people who can sensibly think to have that right thought.

I have my short-term, medium-term and long-term Bitcoin investment plans, and so far, all are successful and I've made more money in my short and medium-term if you must know. Some people might have been buying Bitcoin since early 2023 to liquidate this year for the purpose of owning a house, it could be for other good reasons. Is it a must for them to keep it forever? You are not them, let them live their lives. Who knows if they will rebuy at the end of the next bearish season again? Which sounds like a good plan to me.

Surely there are a decent number of guys who consider bitcoin to be an investment rather than a trade, and sure guys have the right to trade bitcoin or sell to try to buy back cheaper, which may or may not end up working for them. 

Many guys are coming around to realize that bitcoin tends to be quite a good investment rather than a trade and it surely could take them 4-10 years or longer just to build up a decent bitcoin position, and they also come to realize that buying in order to accumulate more bitcoin is way more assuring to the building up of  a bitcoin  stash rather than either selling to try to buy more or just selling to take short term profits, which also could fuck up their long term BTC accumulation efforts.

For sure guys might not know how long they will need to accumulate bitcoin before they either stop or slow down in their BTC accumulation and/or perhaps transition  into either a maintenance stage or later authorizing themselves to sell, yet even  though there are no guarantees that bitcoin will be profitable, there still can be quite considerable benefits in building your bitcoin stash  to compound and also allowing it to compound rather than prematurely withdrawing from it.

It is up to guys if they want to have short, medium and/or long-term stashes (like you) or just stick with bitcoin for the long term rather than fucking around with trying to trade/gamble it when there are other assets that might be better for trading/gambling rather than fucking around with their bitcoin for such purposes.

[Samlucky O]

An investor should always focus on increasing his source of income. But it is not possible to increase the source of income in every field, so the investor should invest as much as he can. Try to do something new and do something alternative to increase the source of income. An investor should be careful at every step, so that their situation does not get so bad that it will affect their daily life for investment.

Investing is completely up to you. However, if you have firmly decided to earn money through investment, then it will be best for you to adopt the DCA method. The more you hold patiently, the better the investment will be. Your investment depends on income and expenditure.

remember the amount of Bitcoin an investor is accumulating all the time is the function of their source of income, if your source of income is not good or stable that is how your investment is also going to look like but above all make sure you accumulating and holding no matter how little it is profit is sure if you maintain your investment.

Surely the amount of Bitcoin an investor accumulates depends on ones source of income. But I disagree to the fact that if your source of income is not stable, then that is how your investment will look like. Although it depends on ones discretion. One thing we forget easily is that investment money is from a person discretion. and some people might have set aside a huge amount of discretion to sustain his investment even without a job for a long period of time. While some may have lesser discretion and be struggling to accumulate immediately after losing there job.  

And if such person does not have a steady work, his investment may look obviously whimpy because there was no enough discretion to maintain the investment when there was no job. But then if they may luckily have another job that may cover the loop hole.

[Futurexxx]

It would be very wrong if there are people who still have the mindset of buying Bitcoin to sell it again in the near future just because there is a slight increase in the price of Bitcoin.

It saddens me that many of you are bigots, who always want people to do things your way. Do you know the person's purpose for buying it, his pocket, budget and plan? C'mon!!! You guys should stop your overknowing attitude and allow people who can sensibly think to have that right thought.

I have my short-term, medium-term and long-term Bitcoin investment plans, and so far, all are successful and I've made more money in my short and medium-term if you must know. Some people might have been buying Bitcoin since early 2023 to liquidate this year for the purpose of owning a house, it could be for other good reasons. Is it a must for them to keep it forever? You are not them, let them live their lives. Who knows if they will rebuy at the end of the next bearish season again? Which sounds like a good plan to me.

You are not far from the truth though, because at the end of the day, it's all about the money, and everyone is free to do whatever they pleases, but that doesn't mean that they are actually going to be the best decision making in the eyes of others, because we all see differently, besides as humans that we are, we  mostly goes for what serves our best interest, but one thing you need to understand is that, the process of buying Bitcoin and selling very quick for minimal gains is no longer an investment, it's more of trading than investment, and by  selling for minimal gains, you can never build a generational wealth through Bitcoin in that manner, but if you really want to build a generational wealth overtime true Bitcoin, you must not sell for minimal gains no matter what.

[Proty]

An investor should always focus on increasing his source of income. But it is not possible to increase the source of income in every field, so the investor should invest as much as he can. Try to do something new and do something alternative to increase the source of income. An investor should be careful at every step, so that their situation does not get so bad that it will affect their daily life for investment.

Investing is completely up to you. However, if you have firmly decided to earn money through investment, then it will be best for you to adopt the DCA method. The more you hold patiently, the better the investment will be. Your investment depends on income and expenditure.

After having the thought on how to start up an investment and the ways to go about the investment so that they can make profit the next thing is how to accumulate more Bitcoin in their portfolio, the profit one will make in years to come depends on the rate of accumulation and interval they are able to hold their investment. However, it is always good to have a good source of income and reserve fund so that our investment won't be disturbed and remember the amount of Bitcoin an investor is accumulating all the time is the function of their source of income, if your source of income is not good or stable that is how your investment is also going to look like but above all make sure you accumulating and holding no matter how little it is profit is sure if you maintain your investment.

It is good to have a good source of income and a backup fund, however it will be quite wrong for an investors to have such a mindset as until my sources of income is stronger or until I have a good source of income I will not start accumulating bitcoin while it is possible to be accumulating bitcoin and at the same time working on your source of income . It is better to be a low coiner than to be a no coiner at all moreover the money we are to invest in bitcoin is our discretionary income, money that we will not be needing for quite a long time as per our investment time line. Also I do advise newbie, Rome was not built in a day. We can be building our portfolio gradually while using the dca strategy and hold until we are able to build up our portfolio to the desire amount of bitcoin we want.

[JayJuanGee]

An investor should always focus on increasing his source of income. But it is not possible to increase the source of income in every field, so the investor should invest as much as he can. Try to do something new and do something alternative to increase the source of income. An investor should be careful at every step, so that their situation does not get so bad that it will affect their daily life for investment.

Investing is completely up to you. However, if you have firmly decided to earn money through investment, then it will be best for you to adopt the DCA method. The more you hold patiently, the better the investment will be. Your investment depends on income and expenditure.

After having the thought on how to start up an investment and the ways to go about the investment so that they can make profit the next thing is how to accumulate more Bitcoin in their portfolio, the profit one will make in years to come depends on the rate of accumulation and interval they are able to hold their investment. However, it is always good to have a good source of income and reserve fund so that our investment won't be disturbed and remember the amount of Bitcoin an investor is accumulating all the time is the function of their source of income, if your source of income is not good or stable that is how your investment is also going to look like but above all make sure you accumulating and holding no matter how little it is profit is sure if you maintain your investment.

It is good to have a good source of income and a backup fund, however it will be quite wrong for an investors to have such a mindset as until my sources of income is stronger or until I have a good source of income I will not start accumulating bitcoin while it is possible to be accumulating bitcoin and at the same time working on your source of income . It is better to be a low coiner than to be a no coiner at all moreover the money we are to invest in bitcoin is our discretionary income, money that we will not be needing for quite a long time as per our investment time line. Also I do advise newbie, Rome was not built in a day. We can be building our portfolio gradually while using the dca strategy and hold until we are able to build up our portfolio to the desire amount of bitcoin we want.

Like you suggest, even a low amount invested into bitcoin is better than nothing in terms of also inspiring some reasons to investigate further into the matter.  Many of us have more inspiration to investigate when we have begun to invest, even relatively small amounts of value.. and surely as we learn more and more about bitcoin, we may well end up getting inspired to invest more, to learn more  and also to figure out ways to improve our discretionary income by increasing our income and/or decreasing our expenses.

[MainIbem]

It would be very wrong if there are people who still have the mindset of buying Bitcoin to sell it again in the near future just because there is a slight increase in the price of Bitcoin.

It saddens me that many of you are bigots, who always want people to do things your way. Do you know the person's purpose for buying it, his pocket, budget and plan? C'mon!!! You guys should stop your overknowing attitude and allow people who can sensibly think to have that right thought.

I have my short-term, medium-term and long-term Bitcoin investment plans, and so far, all are successful and I've made more money in my short and medium-term if you must know. Some people might have been buying Bitcoin since early 2023 to liquidate this year for the purpose of owning a house, it could be for other good reasons. Is it a must for them to keep it forever? You are not them, let them live their lives. Who knows if they will rebuy at the end of the next bearish season again? Which sounds like a good plan to me.

You are not far from the truth though, because at the end of the day, it's all about the money, and everyone is free to do whatever they pleases, but that doesn't mean that they are actually going to be the best decision making in the eyes of others, because we all see differently, besides as humans that we are, we  mostly goes for what serves our best interest, but one thing you need to understand is that, the process of buying Bitcoin and selling very quick for minimal gains is no longer an investment, it's more of trading than investment, and by  selling for minimal gains, you can never build a generational wealth through Bitcoin in that manner, but if you really want to build a generational wealth overtime true Bitcoin, you must not sell for minimal gains no matter what.

What are you saying mate, I can't believe that at this point some bitcoin holder are still having the mindset that it's all about the money, no one says it's not their money but what's stopping them from doing things the right way, what's stopping them from investing on Bitcoin in the right manner which is investing for a full circle and not taking profits when it's not due, it's very misleading cause I believe their are people who follow threads like this to learn about Bitcoin investment and that statement could mislead them cause they'll see reasons to take profits over any increase in the price with reasons that it's their money afterall, it's very wrong and comes with regrets, Bitcoin is not some get rich quick scheme where one invest to take profits immediately it increases, im not saying one shouldn't take profits but doing that (taking some portions) after a full circle or more when it's due is much more advisable than taking profits after slight gains cause it's their money. Moreover they ain't richer than Blackrock nor Saylor that's  made a handful of profits by investing on Bitcoin yet they still advise people to hold and keep adding to the profits they've made cause they know Bitcoin as an asset has much more to offer than what they've made now, if they can hold and remain deciplined concerning it why can't  anyone, people should quit that mindset and do the right thing, stick to the right concept of Bitcoin investment which involves holding for long-term.

[Dave1]

An investor should always focus on increasing his source of income. But it is not possible to increase the source of income in every field, so the investor should invest as much as he can. Try to do something new and do something alternative to increase the source of income. An investor should be careful at every step, so that their situation does not get so bad that it will affect their daily life for investment.

Investing is completely up to you. However, if you have firmly decided to earn money through investment, then it will be best for you to adopt the DCA method. The more you hold patiently, the better the investment will be. Your investment depends on income and expenditure.

After having the thought on how to start up an investment and the ways to go about the investment so that they can make profit the next thing is how to accumulate more Bitcoin in their portfolio, the profit one will make in years to come depends on the rate of accumulation and interval they are able to hold their investment. However, it is always good to have a good source of income and reserve fund so that our investment won't be disturbed and remember the amount of Bitcoin an investor is accumulating all the time is the function of their source of income, if your source of income is not good or stable that is how your investment is also going to look like but above all make sure you accumulating and holding no matter how little it is profit is sure if you maintain your investment.

It is good to have a good source of income and a backup fund, however it will be quite wrong for an investors to have such a mindset as until my sources of income is stronger or until I have a good source of income I will not start accumulating bitcoin while it is possible to be accumulating bitcoin and at the same time working on your source of income . It is better to be a low coiner than to be a no coiner at all moreover the money we are to invest in bitcoin is our discretionary income, money that we will not be needing for quite a long time as per our investment time line. Also I do advise newbie, Rome was not built in a day. We can be building our portfolio gradually while using the dca strategy and hold until we are able to build up our portfolio to the desire amount of bitcoin we want.

Like you suggest, even a low amount invested into bitcoin is better than nothing in terms of also inspiring some reasons to investigate further into the matter.  Many of us have more inspiration to investigate when we have begun to invest, even relatively small amounts of value.. and surely as we learn more and more about bitcoin, we may well end up getting inspired to invest more, to learn more  and also to figure out ways to improve our discretionary income by increasing our income and/or decreasing our expenses.

That is true and if we learn and evolved ourselves in the way we invest in Bitcoin, then we can say that we are getting better and smarter. As you have said, Rome was not built in a day, which means here in Bitcoin investment, it takes years and years to achieved great success. It takes time, like investing on a 4 year cycle and see how far we can go, and so it takes a lot of patience for every Bitcoin investor.

So maybe in the beginning, like $20-$50k a week, then we improved it to $100k a week or more and then it goes. But that's only the start, and it also involved focus and mentality to look for the biggest picture. So it takes a lot from us to be a better and smarter Bitcoin investor.

[Tmoonz]

An investor should always focus on increasing his source of income. But it is not possible to increase the source of income in every field, so the investor should invest as much as he can. Try to do something new and do something alternative to increase the source of income. An investor should be careful at every step, so that their situation does not get so bad that it will affect their daily life for investment.

Investing is completely up to you. However, if you have firmly decided to earn money through investment, then it will be best for you to adopt the DCA method. The more you hold patiently, the better the investment will be. Your investment depends on income and expenditure.

After having the thought on how to start up an investment and the ways to go about the investment so that they can make profit the next thing is how to accumulate more Bitcoin in their portfolio, the profit one will make in years to come depends on the rate of accumulation and interval they are able to hold their investment. However, it is always good to have a good source of income and reserve fund so that our investment won't be disturbed and remember the amount of Bitcoin an investor is accumulating all the time is the function of their source of income, if your source of income is not good or stable that is how your investment is also going to look like but above all make sure you accumulating and holding no matter how little it is profit is sure if you maintain your investment.

It is good to have a good source of income and a backup fund, however it will be quite wrong for an investors to have such a mindset as until my sources of income is stronger or until I have a good source of income I will not start accumulating bitcoin while it is possible to be accumulating bitcoin and at the same time working on your source of income . It is better to be a low coiner than to be a no coiner at all moreover the money we are to invest in bitcoin is our discretionary income, money that we will not be needing for quite a long time as per our investment time line. Also I do advise newbie, Rome was not built in a day. We can be building our portfolio gradually while using the dca strategy and hold until we are able to build up our portfolio to the desire amount of bitcoin we want.

Like you suggest, even a low amount invested into bitcoin is better than nothing in terms of also inspiring some reasons to investigate further into the matter.  Many of us have more inspiration to investigate when we have begun to invest, even relatively small amounts of value.. and surely as we learn more and more about bitcoin, we may well end up getting inspired to invest more, to learn more  and also to figure out ways to improve our discretionary income by increasing our income and/or decreasing our expenses.

That is true and if we learn and evolved ourselves in the way we invest in Bitcoin, then we can say that we are getting better and smarter. As you have said, Rome was not built in a day, which means here in Bitcoin investment, it takes years and years to achieved great success. It takes time, like investing on a 4 year cycle and see how far we can go, and so it takes a lot of patience for every Bitcoin investor.

So maybe in the beginning, like $20-$50k a week, then we improved it to $100k a week or more and then it goes. But that's only the start, and it also involved focus and mentality to look for the biggest picture. So it takes a lot from us to be a better and smarter Bitcoin investor.

Since there are different people coming in to Bitcoin so are their financial capabilities differs too hence anyone is expected to figure out how much they can comfortably invest with without affecting their other Living expenses what must be prioritize is approaching your investment with comfort and peace of mind in terms of how much your are allocating to it perhaps it is not a competition ground, invest within your discretionary income either weekly or monthly according to your income flow, yeah getting the fucking started is the basic and primary assignment other things are secondary, little drops of water makes a mighty ocean which means that even small quantity of Bitcoin being accumulated over time can make a big size of Bitcoin.

[Futurexxx]

It would be very wrong if there are people who still have the mindset of buying Bitcoin to sell it again in the near future just because there is a slight increase in the price of Bitcoin.

It saddens me that many of you are bigots, who always want people to do things your way. Do you know the person's purpose for buying it, his pocket, budget and plan? C'mon!!! You guys should stop your overknowing attitude and allow people who can sensibly think to have that right thought.

I have my short-term, medium-term and long-term Bitcoin investment plans, and so far, all are successful and I've made more money in my short and medium-term if you must know. Some people might have been buying Bitcoin since early 2023 to liquidate this year for the purpose of owning a house, it could be for other good reasons. Is it a must for them to keep it forever? You are not them, let them live their lives. Who knows if they will rebuy at the end of the next bearish season again? Which sounds like a good plan to me.

You are not far from the truth though, because at the end of the day, it's all about the money, and everyone is free to do whatever they pleases, but that doesn't mean that they are actually going to be the best decision making in the eyes of others, because we all see differently, besides as humans that we are, we  mostly goes for what serves our best interest, but one thing you need to understand is that, the process of buying Bitcoin and selling very quick for minimal gains is no longer an investment, it's more of trading than investment, and by  selling for minimal gains, you can never build a generational wealth through Bitcoin in that manner, but if you really want to build a generational wealth overtime true Bitcoin, you must not sell for minimal gains no matter what.

What are you saying mate, I can't believe that at this point some bitcoin holder are still having the mindset that it's all about the money, no one says it's not their money but what's stopping them from doing things the right way, what's stopping them from investing on Bitcoin in the right manner which is investing for a full circle and not taking profits when it's not due, it's very misleading cause I believe their are people who follow threads like this to learn about Bitcoin investment and that statement could mislead them cause they'll see reasons to take profits over any increase in the price with reasons that it's their money afterall, it's very wrong and comes with regrets, Bitcoin is not some get rich quick scheme where one invest to take profits immediately it increases, im not saying one shouldn't take profits but doing that (taking some portions) after a full circle or more when it's due is much more advisable than taking profits after slight gains cause it's their money. Moreover they ain't richer than Blackrock nor Saylor that's  made a handful of profits by investing on Bitcoin yet they still advise people to hold and keep adding to the profits they've made cause they know Bitcoin as an asset has much more to offer than what they've made now, if they can hold and remain deciplined concerning it why can't  anyone, people should quit that mindset and do the right thing, stick to the right concept of Bitcoin investment which involves holding for long-term.

Just listen to yourself, don't you know that you sounds ridiculous?
If it's not about the money why are we investing in Bitcoin in the first place?
We are investing in so as to secure our future financially,  don't just talk without reasoning what you are actually saying, it's true that as Bitcoineer that we are, the best we can do is to tell someone of the best way to go about Bitcoin investment and all you have to do to be successful in it, but take note that we can't force them to do right thing, because everyone is entitled to do what ever they pleases with their own money, the only misleading thing here is you not accepting that their are people that are very stubborn to not do the right thing even when they know that this is the right thing to do, the earlier you understand that the better.

[Moreno233]

It is good to have a good source of income and a backup fund, however it will be quite wrong for an investors to have such a mindset as until my sources of income is stronger or until I have a good source of income I will not start accumulating bitcoin while it is possible to be accumulating bitcoin and at the same time working on your source of income . It is better to be a low coiner than to be a no coiner at all moreover the money we are to invest in bitcoin is our discretionary income, money that we will not be needing for quite a long time as per our investment time line. Also I do advise newbie, Rome was not built in a day. We can be building our portfolio gradually while using the dca strategy and hold until we are able to build up our portfolio to the desire amount of bitcoin we want.

Minor correction: You need money to invest in Bitcoin and without money, your investment ideas will amount to nothing. If you invest in Bitcoin with hunger in your stomach and no roof over your head, it is a matter of time before you sell the Bitcoin. What I'm saying is that even though we all love those ideas of accumulating Bitcoin and building a wonderful future, we must ensure we make those investment with money that we can afford to leave in Bitcoin for several years and not make the mistake of investing in Bitcoin only to sell the Bitcoin to feed the next week. Therefore, anyone that have not been able to gather money to even meet basic needs does not need to be thinking about buying Bitcoin but to first establish something that will bring in money. You can get a job, render services or do just anything that will make the funds flow into your direction. You must not wait to get rich first, no, just start up from wherever you are and build from there.

Depending on the country you come from, there are many things to do to raise capital including doing extra jobs since you are motivated by building a wonderful future for yourself. You just have to make more efforts, work longer shifts, add side hustles or do anything that will bring in that extra income that you can start putting into Bitcoin.

Like you suggest, even a low amount invested into bitcoin is better than nothing in terms of also inspiring some reasons to investigate further into the matter.  Many of us have more inspiration to investigate when we have begun to invest, even relatively small amounts of value.. and surely as we learn more and more about bitcoin, we may well end up getting inspired to invest more, to learn more  and also to figure out ways to improve our discretionary income by increasing our income and/or decreasing our expenses.

That is true and if we learn and evolved ourselves in the way we invest in Bitcoin, then we can say that we are getting better and smarter. As you have said, Rome was not built in a day, which means here in Bitcoin investment, it takes years and years to achieved great success. It takes time, like investing on a 4 year cycle and see how far we can go, and so it takes a lot of patience for every Bitcoin investor.

So maybe in the beginning, like $20-$50k a week, then we improved it to $100k a week or more and then it goes. But that's only the start, and it also involved focus and mentality to look for the biggest picture. So it takes a lot from us to be a better and smarter Bitcoin investor.

Since there are different people coming in to Bitcoin so are their financial capabilities differs too hence anyone is expected to figure out how much they can comfortably invest with without affecting their other Living expenses what must be prioritize is approaching your investment with comfort and peace of mind in terms of how much your are allocating to it perhaps it is not a competition ground, invest within your discretionary income either weekly or monthly according to your income flow, yeah getting the fucking started is the basic and primary assignment other things are secondary, little drops of water makes a mighty ocean which means that even small quantity of Bitcoin being accumulated over time can make a big size of Bitcoin.

You are right my friend, we can face our realities and act accordingly. You can start small from what is convenient for you and then build on that. The big job is simply to figure out your level of financial resources and work out your discretionary income with which you can start your investment in Bitcoin. You don't have to look at what others are investing and thereby allowing it to get your disturb because life is a personal race and we must appreciate our level in order to be happy doing our best. Like Dave1 said, $20 per week is not such a huge figure for anyone that understand how important Bitcoin is and the need to own some.

[MainIbem]

~

~

You are not far from the truth though, because at the end of the day, it's all about the money, and everyone is free to do whatever they pleases, but that doesn't mean that they are actually going to be the best decision making in the eyes of others, because we all see differently, besides as humans that we are, we  mostly goes for what serves our best interest, but one thing you need to understand is that, the process of buying Bitcoin and selling very quick for minimal gains is no longer an investment, it's more of trading than investment, and by  selling for minimal gains, you can never build a generational wealth through Bitcoin in that manner, but if you really want to build a generational wealth overtime true Bitcoin, you must not sell for minimal gains no matter what.

What are you saying mate, I can't believe that at this point some bitcoin holder are still having the mindset that it's all about the money, no one says it's not their money but what's stopping them from doing things the right way, what's stopping them from investing on Bitcoin in the right manner which is investing for a full circle and not taking profits when it's not due, it's very misleading cause I believe their are people who follow threads like this to learn about Bitcoin investment and that statement could mislead them cause they'll see reasons to take profits over any increase in the price with reasons that it's their money afterall, it's very wrong and comes with regrets, Bitcoin is not some get rich quick scheme where one invest to take profits immediately it increases, im not saying one shouldn't take profits but doing that (taking some portions) after a full circle or more when it's due is much more advisable than taking profits after slight gains cause it's their money. Moreover they ain't richer than Blackrock nor Saylor that's  made a handful of profits by investing on Bitcoin yet they still advise people to hold and keep adding to the profits they've made cause they know Bitcoin as an asset has much more to offer than what they've made now, if they can hold and remain deciplined concerning it why can't  anyone, people should quit that mindset and do the right thing, stick to the right concept of Bitcoin investment which involves holding for long-term.

Just listen to yourself, don't you know that you sounds ridiculous?
If it's not about the money why are we investing in Bitcoin in the first place?
We are investing in so as to secure our future financially,  don't just talk without reasoning what you are actually saying, it's true that as Bitcoineer that we are, the best we can do is to tell someone of the best way to go about Bitcoin investment and all you have to do to be successful in it, but take note that we can't force them to do right thing, because everyone is entitled to do what ever they pleases with their own money, the only misleading thing here is you not accepting that their are people that are very stubborn to not do the right thing even when they know that this is the right thing to do, the earlier you understand that the better.

Am disappointment at your statement, so if you're a teacher in a school, knowing fully well that their are kids who don't take classes seriously and love to play a lot without doing the right things which is giving more attention to studies, are you just going to let them have their way cause it their parents money? or caution them to do the right thing? It's people like you who would have friends that are addicted to alcohol and needs help but instead of looking out for them you'll rather allow them to keep drinking to stupor cause it's their money they're spending on liquor, so weird. My point is that their are people learning from this thread so teach about the right things when it comes to Bitcoin investment, their's no doubt that we're all investing for the money but not just for the money, it's for the money we'll gain in future and not Short-term, am glad you acknowledged that the best we can do as Bitcoiners is to tell people about the right way to go concerning investing on it, so quit being as stubborn as the people you're talking about and correct them when they're making errors, even outside this forum as well, they could be anyone, your family member, close pals or so.